Brief How Lifetime Benefits and Contributions Point the Way Toward Reforming Our Senior Entitlement Programs
C. Eugene Steuerle, Stephanie Rennane
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The Congress, the President, and various commissions have begun discussing real Social Security, Medicare, and Medicaid reform.This paper suggests that as these discussions move forward, it would be helpful to examine lifetime contributions and benefits for Medicare and Social Security to understand the programs internal fiscal situations and their broader role in overall budget policy and, most importantly, as a way toward a more unified and coherent approach to entitlement reform for seniors. This approach also provides a useful window on how equitably lifetime benefits and taxes are distributed and on the fiscal stability of the overall system.
Research Areas Health and health care Aging and retirement Taxes and budgets
Tags Social Security Pensions Medicare Individual taxes Retirement policy
Policy Centers Center on Labor, Human Services, and Population